Swedbank AB CEO Birgitte Bonnesen Fired

Breakingviews – Breakingviews – Swedbank CEO exit still leaves iceberg of problems

Swedbank’s attempt to cauterise wounds is unlikely to succeed. Its board on Thursday dismissed Chief Executive Birgitte Bonnesen and appointed Finance Director Anders Karlsson as an acting replacement following allegations that the lender was involved in money laundering in the Baltics. The problem for investors is that the scandal will last longer than her tenure.

Name: Birgitte Bonnesen

Country: Sweden

Company: Swedbank AB

Branch: Bank

Position: CEO

Reason: Fired

Announcement Date: March 27, 2019, 11:00pm

Resignation Date: March 27, 2019, 11:00pm

Source 1: https://www.reuters.com/article/us-swedbank-moneylaundering-breakingview/breakingviews-swedbank-ceo-exit-still-leaves-iceberg-of-problems-idUSKCN1R91UA